3930 Mount Elliott St · Detroit, MI 48207

$89,000

4 bd · 2.0 ba · 1,960 sqft · Townhouse public records · 59 Days on market

Built 1916 4,792 sqft lot ↓ 29% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Appreciation +3.6/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

Key facts

• Easy access
• Functional layout
• Solid structure

Tags

• FULLY OCCUPIED DUPLEX
• FUNCTIONAL LAYOUT
• SOLID STRUCTURE
• RENTAL INCOME
• FUTURE VALUE-ADD IMPROVEMENTS
• EASY ACCESS

Property features AI

Finance

• Financial info: Lower unit rent listed at $750 (upper unit rent not listed)

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Sewer available
• Home design: Multi-family residential income property
• Construction: Aluminum siding; Composition roof
• Exterior features: Paved road access; Publicly maintained road; Sidewalks

Interior

• Bedrooms: Lower unit: 2 bedrooms; Upper unit: 2 bedrooms
• Bathrooms: Lower unit: 1 bath; Upper unit: 1 bath
• Heating & cooling: Forced air heating; Natural gas
• Interior features: Storage; Full basement
• Laundry & utility: Common area laundry located in basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $89k.

Deal economics

• At list price, monthly cash flow is $831 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.5% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.5%/yr); 244 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,939/mo this rent would consume 49% of the median local household income ($48k/yr) (locally 2017% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $615 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.8% appreciation + 3.5% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1916 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.18% ✓
• Cap rate: 17.50%
• Cash-on-cash: 40.04%
• DSCR: 2.78
• GRM: 3.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: 37.4%
• Equity multiple: 2.62×
• Total profit: $40,433
• Equity at exit: $14,100

10-year hold

• IRR: 44.1%
• Equity multiple: 5.36×
• Total profit: $108,706
• Equity at exit: $9,128

Cash invested: $24,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48207

• Home prices YoY: -2.0%
• Rents YoY: 3.5%
• Active inventory: 244
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,939 high
• Mortgage (P&I): −$467
• Tax from tax record: −$196 /mo · $2,358/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $831

Break-even live

Break-even rent $886

Max offer price $89,000

Occupancy floor 52%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3631 Helen St Unit 3635 Detroit, MI	4.0	2.0	2157	$1,650	$0.76	43d	1	0.41mi
2972 Field St Detroit, MI	3.0	1.0	1225	$1,395	$1.14	17d	1	0.72mi
1738 Canton St Unit 1 Detroit, MI	4.0	1.0	2244	$1,650	$0.74	43d	1	1.04mi
4169 Burns St Detroit, MI	4.0	2.5	1326	$2,300	$1.73	24d	1	1.19mi
1348 Village Dr Detroit, MI	3.0	2.5	2100	$2,295	$1.09	24d	1	1.20mi

Listing history 50 events

1. 2026-06-18
   days on market $89,000 Active 59 DOM
2. 2026-06-17
   days on market $89,000 Active 58 DOM
3. 2026-06-16
   status $89,000 Active 56 DOM
4. 2026-06-15
   days on market $89,000 Active Under Contract 56 DOM
5. 2026-06-13
   days on market $89,000 Active Under Contract 54 DOM
6. 2026-06-13
   days on market $89,000 Active Under Contract 53 DOM
7. 2026-06-09
   days on market $89,000 Active Under Contract 50 DOM
8. 2026-06-08
   days on market $89,000 Active Under Contract 49 DOM
9. 2026-06-07
   days on market $89,000 Active Under Contract 48 DOM
10. 2026-06-04
    days on market $89,000 Active Under Contract 45 DOM
11. 2026-06-03
    days on market $89,000 Active Under Contract 44 DOM
12. 2026-06-02
    days on market $89,000 Active Under Contract 43 DOM
13. 2026-06-01
    days on market $89,000 Active Under Contract 42 DOM
14. 2026-05-31
    days on market $89,000 Active Under Contract 41 DOM
15. 2026-05-18
    status Active 514-char remark

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

16. 2026-05-18
    status Active

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

17. 2026-05-01
    historical Active Under Contract

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

18. 2026-05-01
    historical Keep Showing-Contgcy Appl 514-char remark

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

19. 2026-04-20
    listed $89,000 Active

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

20. 2026-04-20
    listed $89,000 Active 514-char remark

    Show marketing remark (514 chars)

    Turnkey and full of potential, the fully occupied duplex offers a great opportunity for investors orsavvy buyers looking to grow their portfolio. Featuring a functional layout and solid structure, this home is ideal for rental income or future value-add improvements. Conveniently locatednear major freeways, downtown Detroit, Belle Isle and local amenities, it provides easy access to everything the city has to offer. NO SHOWINGS UNTIL ACCEPTED OFFER. DO NOTDISTURB TENANTS. Adjacent Lot is included in the sale!

21. 2023-09-26
    soldstatus $79,802
22. 2023-08-29
    soldstatus $79,802 Sold 612-char remark

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

23. 2023-08-29
    soldstatus $79,802 Closed

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

24. 2023-05-22
    status Pending

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

25. 2023-05-22
    status Pending 612-char remark

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

26. 2023-03-06
    listed $85,000 Active 612-char remark

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

27. 2023-03-06
    listed $85,000 Active

    Show marketing remark (612 chars)

    Fully occupied two-family with a gross income of $1,400/month now available for the discerning investor! This property has had nearly all of the big ticket items completed- new high efficiency furnaces and electric water tanks for both units installed in 2022 and a sewer line repair completed in 2023 There is a transferable Certificate of Compliance good through 9/10/2024. This property includes a second full lot (3924 Mount Elliott) which is already fenced in with the original lot. One long term tenant occupying since 2017 and one occupying since December 2022. DO NOT APPROACH OR DISTURB THE TENANTS.

28. 2022-08-22
    historical
29. 2022-08-22
    historical
30. 2022-07-31
    historical
31. 2022-07-30
    historical
32. 2022-07-06
    price $99,000
33. 2022-07-06
    price $99,000
34. 2022-07-06
    price $99,000
35. 2022-07-06
    price $99,000
36. 2022-05-17
    price $112,500
37. 2022-05-17
    price $112,500
38. 2022-05-16
    price $112,500
39. 2022-05-16
    price $112,500
40. 2022-04-23
    price $117,500
41. 2022-04-23
    price $117,500
42. 2022-04-22
    price $117,500
43. 2022-04-22
    price $117,500
44. 2022-04-04
    price $119,900
45. 2022-04-04
    price $119,900
46. 2022-04-04
    price $119,900
47. 2022-04-04
    price $119,900
48. 2021-12-31
    status Active
49. 2021-12-23
    historical
50. 2021-11-20
    price $123,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,358 · $196/mo
• Projected year-2 tax: $2,358 · $196/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 65% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,266
• − Mortgage interest: −$4,985
• − Property taxes: −$2,358
• − Insurance: −$445
• − Repairs & maintenance: −$1,861
• − Management: −$1,861
• − Depreciation: −$2,589
• Taxable income: $9,167
• Est. tax owed @ 24.0%: −$2,200
• After-tax cash flow: $7,777/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Detroit Public Schools Community District
• NCES district ID: 2601103
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 6.00%
• Median HH income: $25,815
• Composite: 13.06/100
• National rank: #9564
• State rank: #499 of 540 in MI

Livability — Detroit

• Score: 73/100
• State rank: #218
• US rank: #5427

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit, MI
• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 20,848
• Household income: $47,831
• Rent vs Own: 74.2% rent · 25.8% own
• Severe rent burden: 2017.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (74%)
• Race & ethnicity: Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.79%
• Current HPI: 136.6328
• Rent YoY: ▲ 3.53%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-28.8% since first listed

43 events — show timeline

• 2026-05-18 Relisted — MiRealSource-MiMLS
• 2026-05-18 Relisted — REALCOMP
• 2026-05-01 Contingent — REALCOMP
• 2026-05-01 Contingent — MiRealSource-MiMLS
• 2026-04-20 Listed $89,000 REALCOMP
• 2026-04-20 Listed $89,000 MiRealSource-MiMLS
• 2023-09-26 Sold (Public Records) $79,802 Public Records
• 2023-08-29 Sold (MLS) $79,802 MiRealSource-MiMLS
• 2023-08-29 Sold (MLS) $79,802 REALCOMP
• 2023-05-22 Pending — MiRealSource-MiMLS
• 2023-05-22 Pending — REALCOMP
• 2023-03-06 Listed $85,000 MiRealSource-MiMLS
• 2023-03-06 Listed $85,000 REALCOMP
• 2022-08-22 Listing Removed — REALCOMP
• 2022-08-22 Listing Removed — MiRealSource-MiMLS
• 2022-07-31 Listing Removed — REALCOMP
• 2022-07-30 Listing Removed — MiRealSource-MiMLS
• 2022-07-06 Price Changed $99,000 MiRealSource-MiMLS
• 2022-07-06 Price Changed $99,000 MiRealSource-MiMLS
• 2022-07-06 Price Changed $99,000 REALCOMP
• 2022-07-06 Price Changed $99,000 REALCOMP
• 2022-05-17 Price Changed $112,500 MiRealSource-MiMLS
• 2022-05-17 Price Changed $112,500 MiRealSource-MiMLS
• 2022-05-16 Price Changed $112,500 REALCOMP
• 2022-05-16 Price Changed $112,500 REALCOMP
• 2022-04-23 Price Changed $117,500 MiRealSource-MiMLS
• 2022-04-23 Price Changed $117,500 MiRealSource-MiMLS
• 2022-04-22 Price Changed $117,500 REALCOMP
• 2022-04-22 Price Changed $117,500 REALCOMP
• 2022-04-04 Price Changed $119,900 MiRealSource-MiMLS
• 2022-04-04 Price Changed $119,900 MiRealSource-MiMLS
• 2022-04-04 Price Changed $119,900 REALCOMP
• 2022-04-04 Price Changed $119,900 REALCOMP
• 2021-12-31 Relisted — MiRealSource-MiMLS
• 2021-12-23 Listing Removed — MiRealSource-MiMLS
• 2021-11-20 Price Changed $123,500 MiRealSource-MiMLS
• 2021-11-20 Price Changed $123,500 MiRealSource-MiMLS
• 2021-11-20 Price Changed $123,500 REALCOMP
• 2021-11-20 Price Changed $123,500 REALCOMP
• 2021-11-04 Listed $125,000 MiRealSource-MiMLS
• 2021-11-04 Listed $125,000 REALCOMP
• 2021-09-27 Listed $125,000 MiRealSource-MiMLS
• 2021-09-27 Listed $125,000 REALCOMP

Property tax history

+11.5%/yr

Latest (2025): $2,358 · -35.5% YoY. Source: county tax records.